Petrobras appeals Brazil regulator's approval of Subsea7-Saipem merger
By Flavia Fortes ( July 13, 2026, 21:49 GMT | Insight) -- Brazilian state-controlled oil company Petrobras has appealed the Brazilian competition authority's unconditional approval of the proposed merger between offshore engineering companies Saipem and Subsea7, arguing the agency underestimated the transaction's competitive risks in deepwater subsea installation services. Petrobras is asking CADE's Tribunal to either prohibit the deal or impose structural and behavioral remedies.Brazilian state-controlled oil company Petrobras has appealed the Brazilian competition authority's unconditional approval of the proposed merger between offshore engineering companies Saipem and Subsea7, arguing the agency underestimated the transaction's competitive risks in deepwater subsea installation services. Petrobras is asking CADE's Tribunal to either prohibit the deal or impose structural and behavioral remedies....
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